
Mexico - Grinding, Sanding or Polishing Machines - Market Analysis, Forecast, Size, Trends and Insights
Mexico: Market for Grinding, Sanding and Polishing Machines 2022
Market Size for Grinding, Sanding and Polishing Machines in Mexico
The Mexican market for grinding, sanding and polishing machines surged to $X in 2021, growing by 119% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption enjoyed strong growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.
Exports of Grinding, Sanding and Polishing Machines
Exports from Mexico
In 2021, the amount of grinding, sanding and polishing machines exported from Mexico reached X units, increasing by 5% against 2020 figures. Over the period under review, exports, however, recorded a abrupt curtailment. The pace of growth was the most pronounced in 2017 when exports increased by 144%. The exports peaked at X units in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.
In value terms, grinding, sanding and polishing machine exports rose notably to $X in 2021. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 177% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.
Exports by Country
The United States (X units) was the main destination for grinding, sanding and polishing machine exports from Mexico, accounting for a approx. 100% share of total exports.
From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to -4.2%.
In value terms, the United States ($X) also remains the key foreign market for grinding, sanding and polishing machine exports from Mexico.
From 2012 to 2021, the average annual growth rate of value to the United States stood at +2.6%.
Export Prices by Country
In 2021, the average export price for grinding, sanding and polishing machines amounted to $X per unit, with an increase of 6.8% against the previous year. Overall, the export price saw a strong increase. The most prominent rate of growth was recorded in 2016 an increase of 124%. Over the period under review, the average export prices reached the maximum at $X per unit in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to +7.0% per year.
Imports of Grinding, Sanding and Polishing Machines
Imports into Mexico
In 2021, the amount of grinding, sanding and polishing machines imported into Mexico surged to X units, with an increase of 91% compared with the year before. Overall, imports posted a prominent expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 163% against the previous year. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in years to come.
In value terms, grinding, sanding and polishing machine imports soared to $X in 2021. Over the period under review, imports saw strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Imports by Country
The United States (X units) and China (X units) were the main suppliers of grinding, sanding and polishing machine imports to Mexico.
From 2012 to 2021, the biggest increases were in China (with a CAGR of +29.0%).
In value terms, China ($X) constituted the largest supplier of grinding, sanding and polishing machine to Mexico, comprising 41% of total imports. The second position in the ranking was held by the United States ($X), with a 16% share of total imports.
From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +29.9%.
Import Prices by Country
In 2021, the average import price for grinding, sanding and polishing machines amounted to $X per unit, with an increase of 21% against the previous year. Overall, the import price, however, showed a abrupt setback. The growth pace was the most rapid in 2018 when the average import price increased by 26% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 to 2021, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was China ($X per unit), while the price for the United States amounted to $X per unit.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+0.6%).
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the market for grinding, sanding and polishing machine in Mexico. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
Recommended reports
This report provides an in-depth analysis of the global market for grinding, sanding and polishing machine.
This report provides an in-depth analysis of the market for grinding, sanding and polishing machine in the EU.
This report provides an in-depth analysis of the market for grinding, sanding and polishing machine in Asia.
This report provides an in-depth analysis of the market for grinding, sanding and polishing machine in the U.S..
This report provides an in-depth analysis of the market for grinding, sanding and polishing machine in China.
Join us in our latest webinar series to get insights from industry experts and engage in a productive discussion!
Tuesday, January 25th, 2022 @ 04:00 pm ET
Join our live webinar to get insights into the global metal tank market.
Thursday, April 15th, 2021 @ 04:00 pm ET
Join our live webinar to get insights into cooling innovations in the oil and gas industry.
Monday, November 2nd, 2020 @ 04:00 pm ET